Re-revised disclosure under Regulation 31(1) and Regulation 31(2) of SEBI (SAST) Regulations, 2011 by Tarun Chaturvedi
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.5 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Tarun Chaturvedi has created a pledge over 1.60 crore equity shares (10.32% of total share capital) of Twamev Construction and Infrastructure Ltd in favour of Jaswik Traders Private Limited on 14 August 2025. Before this pledge, the promoter held 2.53 crore shares (16.33% stake) with no shares already encumbered; after the pledge, 1.60 crore shares stand encumbered while 93.21 lakh shares (6.01%) remain unencumbered. The pledge was taken to secure a Loan Against Securities facility, with proceeds to be used for the company's working capital needs. This is a re-revised filing correcting an earlier disclosure submitted to BSE and NSE.
Roughly 63% of the promoter's personal shareholding is now pledged as collateral, which raises a mild risk concern for shareholders if the loan is not serviced — though the loan is for the company's own working capital, suggesting the promoter is funding operations personally. Investors should watch for any future pledge invocation or top-up disclosures.